Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Dynamo Sale on the Horizon
Houston Chronicle, November 28th, 2007 5PM

MOST READ

MOST COMMENTED

Major League Soccer wants Anschutz Entertainment Group to sell the Houston Dynamo because the sports and entertainment conglomerate also owns the Los Angeles Galaxy, the league's most recognizable team. According to the Houston Chronicle, a group including the Olympic boxing gold medalist Oscar de la Hoya is interested in acquiring the two-time MLS champ, although the official word from Dynamo President Oliver Luck was "no comment" per a signed confidentiality agreement.

However, prior to any sale, AEG wants to secure the Dynamo's long-term future in Houston. In the next few weeks, the company plans to finalize a deal to build a new stadium in the downtown area. Part of that deal would include a non-relocation provision requiring the new owner to pay a steep penalty for relocating the team.  AEG plans to build a 22,000-capacity open-air stadium in the middle of downtown, between the George R. Brown Convention Center and Minute Maid Park, home of the NBA's Houston Rockets. The project would cost between $70 and $80 million.

City officials added credence to rumors of a possible sale. "We are not oblivious to this situation," said Andy Icken, the city's deputy chief of public works, who's in charge of negotiating a stadium deal. "We will put protective language into any agreement." Meanwhile, MLS Commissioner Don Garber dismissed his own comments made in a New York Times report about the probable sale of the club, saying it would be "very speculative and inappropriate" to suggest that a sale was imminent.

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Orlando City Signs Shea     
New MLS club Orlando City on Friday announced the signing of U.S. national team midfielder Brek ...
Report: Juve Eyes January Move for Falcao     
According to Italian soccer site Calciomercato, Manchester United may consider getting second-choice striker Radamel Falcao's huge ...
Reus Fined $665K for Driving without a License    
Borussia Dortmund forward Marco Reus has been handed one of the biggest driving fines in German ...
Balotelli Receives One-Game Ban, Fine for Instagram Post    
Mario Balotelli received a one game ban and a fine of 25,000 pounds after being found ...
Robbie Rogers: FIFA 'Insane' to Host World Cup in Russia, Qatar    
LA Galaxy left back Robbie Rogers has spoken out about FIFA's decision to stage the next ...
FIFA to Publish World Cup Corruption Report    
FIFA's executive committee on Friday agreed unanimously to publish Michael Garcia's report into the bidding process ...
FIFA: Qatar Needs Labor Reform to Keep 2022 World Cup    
FIFA executive committee member Theo Zwanziger on Tuesday indicated that 2022 World Cup host Qatar must ...
CWC: Auckland City the 'Winner,' but San Lorenzo Progresses     
Real Madrid's will face San Lorenzo of Argentina in Saturday's Club World Cup final after the ...
Di Maria Beats Messi, Aguero to Argentina's Player of the Year    
Manchester United winger Angel Di Maria has beaten Lionel Messi and Sergio Aguero to Argentina's player ...
League Cup: Rodgers Defends Sterling as Reds March On     
Following Liverpool's 3-1 League Cup quarterfinal win at Bournemouth, Coach Brendan Rodgers defended two-goal hero Raheem ...
>> Section 2 Around the Net Archives